How an Increase in Construction is Spurring Growth of Compact Utility Vehicles Market: Future Market Insights Report Analyzes to attain a competitive edge. DUBAI, UAE / ACCESSWIRE / February 3, 2021 / Future Market Insights: FMI states in its recent study on compact utility vehicles that the market will record a CAGR of 2.4% through 2031. Demand for a compact utility vehicle is anticipated to continue surging particularly due to the adaptation of the latest technologies, which is a result of extensive R&D activities. " Manufacturers are aiming at strategic collaborations with end-users and regional distributors to address the requirements of an expanding customer base. Suppliers adopt acquisition and regional expansion strategies to establish a foothold.